TEL: (416).789.7667
OUR SERVICES
We have affordable bookkeeping package to suit your company’s needs.
On a monthly or a time more convenient to your business, we can arrange access to your documents.
We accurately record all income and expenses for the period and reconcile all bank accounts, credit card statements, accounts receivable and accounts payable. We ensure that HST, Employer Health Tax, WSIB and Payroll Deductions are accounted for and accurately filed.
You are then provided with the Financial Reports to help you get a clear picture of your business, in order for you to make sound business decisions.
Bookkeeping Services
Sales Tax and Other Filings
We offer timely preparation and filing of HST/GST returns. If you are behind in filing your HST/GST returns. We will get you up-to date while communicating with CRA on your behalf.
Other filing includes Employer Health Tax and WSIB returns. Our regular client notifications ensure that you will never have to be concerned about late filing and penalties.
Payroll Filing
We can manage your payroll whether large or small. We ensure your employees get paid and that the correct remittances are made to Canada Revenue Agency on time.
Based on your company's size and preference we can provide weekly, bi-weekly, semi-monthly or monthly payroll services. We also handle your T4, T4A and T5018 year-end filings.
Financial Reports
We work closely with our clients to provide insight and assistance into the financial management, processes, and control of their business. Having regular financial reports helps you make better informed and timely decisions around your business finances.
Our monthly/annual reporting package includes:
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Income Statement: showing the revenue, expenses, and profit for the month and year-to-date so that you can track how profitable you are.
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Balance Sheet: shows you the cash available, accounts receivable, inventory balances, fixed assets, accounts payable, GST/HST payable, source deductions payable, taxes payable, bank loans, shareholder loans, and retained earnings.
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A/R Aging: detailed report showing which customers owe money and how old the balances are.
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A/P Aging: detailed report showing which bills are unpaid based on when they are due.
CRA Audit Representation
If you are an individual or a business that have been incorrectly assessed, re-assessed, or facing an audit, dealing with CRA can be stressful. With your assistance we can help by providing you the professional representation and experience you need when dealing with government agency and tax correspondences.
We can represent and communicate with CRA on your behalf in the following areas:
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Late filing of personal taxes
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Assistance with HST/GST assessments
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Review of taxes prepared by other organizations
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Help in complying with CRA Pre-assessment reviews and audits
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Assistance with Tax Re-assessments and filing of adjustments
Personal Tax Service
Can-Cro Accounting & Tax Services has been satisfying its client for over 40 years with tax preparation services. Tax returns are prepared for residents of all provinces and territories. We ensure your taxes are compliant and fully optimized. We are available year- round to assist you with tax planning, CRA enquiries and other tax related services you may require.
We specialized in working with individuals, seniors, university/college students, professional practitioners, disabled and sole proprietors. We will help you to properly file your taxes in a timely manner. We are a CRA authorized E-filer and offers the option to electronically file your return.
Self-employed Tax Service
At Can-Cro Accounting & Tax Services, we understand the needs of the small business owner and how difficult it can be at times to run and operate your own business.
Let us help you in preparing your income tax return. We have the knowledge and know how to complete, and file your income tax return accurately and on time. We regularly prepare income tax returns for:
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Service Businesses (Cleaners, Hairdressers, Couriers, etc.)
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Contractors
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Home-based businesses
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Rental Property Owners
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Commission Salespersons
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Merchants
Corporate Tax Service
All corporations have to file a corporation income tax return (T2) each tax year even if there is no tax owing.
As part of your year-end engagement we will prepare your financial statement, corporate tax return and more while communicating with the CRA on your behalf.
Tax Planning
At Can-Cro Accounting & Tax Services we are familiar with a number of methods to increase your bottom-line while lowering overall taxes.
We provide tax optimization in the following areas:
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Personal Tax Deductions and Credits
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Advice on paying yourself salary vs. dividends
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Advice on Shareholder loans and advances
Business Consulting
Starting a new business?
You may have many questions and concerns, ranging from:
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Registering a Business
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Incorporating a new Business
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Registering for GST/HST, Payroll and other accounts
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Dissolving an Inactive Business